Recent content by TomW1

  1. TomW1

    SEIS / EIS investment fromfamily members - is this viable?

    Hi, I have recently opened a company selling sales services to IT vendors and am keen to grow quickly (to take on 1 member of staff in the near term). I see SIES/EIS as a potential way of gaining investment from people who know me i.e. family and friends, with both my brother and mother on...
  2. TomW1

    SEIS / EIS investment fromfamily members - is this viable?

    Hi, I have recently opened a company selling sales services to IT vendors and am keen to grow quickly (to take on 1 member of staff in the near term). I see SIES/EIS as a potential way of gaining investment from people who know me i.e. family and friends, with both my brother and mother on...
  3. TomW1

    Accountants: I'm looking for a quote to help close my company

    Hello, I'm interested in a quote (please send me a PM) to close my company as my family-friend accountant is inexperienced in closing companies and has suggested I seek outside help. Details: - My company is now in it's third year and I wish to close it (my year runs Oct-Sep) - For years 1...
  4. TomW1

    Do I need an accountant to close down my company?

    Hello, I plan to close my Ltd company as I'm employed full-time and don't need the company after running it for 3 years. My company year runs Oct-Sept. All corporation tax + VAT payments due so far have been made and I believe it would be overkill to hire an accountant to help me close the...
  5. TomW1

    Closing my company and entrepreneurs relief

    Hi, I intend to close my limited company as I have now taken on full employment. My accountant has finalised my Year 2 accounts which ended Sept 16, but I have one payment of nearly £3k which was for the month of October (Month 1 Year 3). There are no more payment/costs to the business since...
  6. TomW1

    Should I close my company down?

    Hi all, I am after some advice and am looking for an accountant to potentially assist me with my current situation... I have just completed my second year of trading via my Ltd company but have taken full employment after 1 month into my third year. It is unlikely that I will resume providing...
  7. TomW1

    Am I shooting myself in the foot by taking on employment now?

    Thanks for your input. I would like to take it all out as soon as I can ideally, so same question as I posed above - if I close the company and take it as capital distribution, does that money (after capital gains tax) count as income and thus affect my later salary?
  8. TomW1

    Am I shooting myself in the foot by taking on employment now?

    Thanks. My total salary (before tax / NI / etc). (and assuming my employed salary is £45k) would roughly be: 8 x £883 = £7,064 4 * £3750 = £15,000 Total for 16/17 tax year = £22,064 With dividends of £20k on top = £42,064. Based on this, I understand that my company earnings (dividend + 8...
  9. TomW1

    Am I shooting myself in the foot by taking on employment now?

    My understanding of capital distribution is very limited and I'm struggling to make sense with google searches. I assume the £20k I take out would still be added to whatever salary I have / will earn before April 2017 and thus be taxed together?
  10. TomW1

    Am I shooting myself in the foot by taking on employment now?

    No, I haven't declared them as of yet. I've also not finalised my accounts, but am working from Sage and so can be sure they're correct/up-to-date.
  11. TomW1

    Sales for non-sales people

    Hi all, I'd really value some feedback, questions and ideas for any of you who need to grow business (your own or otherwise) and you consider yourself NOT to be a salesperson. I'm trying to work out my niche(s) and where I can add most value to others and I think this may be with non-sales...
  12. TomW1

    Am I shooting myself in the foot by taking on employment now?

    Hi all, I have just completed my second year of trading via my Limited Company (where I am the sole director / with no staff) and I have been offered a position in a company I'd actually enjoy working for - if I do I will leave my personal company dormant. - My company YE was last week (30th...
  13. TomW1

    EU VAT costs of a US-based course delivered to a UK citizen

    Hello, I was recently a little surprised to hear that a course I am planning to take online over the next 3 months will be subject to a VAT charge. The course is delivered to a 95% US audience out of the US. As I will be accessing (and paying) from within the UK (and therefore EU), I was told...
  14. TomW1

    P87 form submitted to HMRC - nothing back, yet

    Damn, thought as much! Thanks to you both for your replies
  15. TomW1

    P87 form submitted to HMRC - nothing back, yet

    I submitted a completed P87 form for claiming tax back on mileage just over 4 weeks ago now and I'm yet to hear anything back. I appreciate 4 weeks isn't particularly long, but how long should I expect to wait for an answer before I chase them? Their phone system suggests I wait for them to...
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